Montana News

New Markets

Homeowners – TexasNuts & Bolts: Arrowhead General Insurance Agency Inc., based in San Diego, Calif., is rolling out a new homeowners program in Texas. Coverage highlights in-clude: Specified additional amount of insurance–Coverage A–allows up to 25 percent additional coverage in …

WHO TO CALL?

Multi-State Agencies IBA West (Alaska, California, Oregon, Washington). Web site: www.iba west.com PIA West (Alaska, Arizona, California, Idaho, Montana, Nevada, New Mexico, Oregon, Washington). Phone: (888) 246-4466. Western Insurance Agents Association (Arizona, California, Colorado, Nevada and New Mexico). Phone: (800) …

Western insurance associations: How the West is run

Editor’s note:This is the first article in a series on Western insurance associations. Part II of this article will appear in a future issue. As people migrate to the West to enjoy the weather and opportunities for outdoor activities, insurers’ …

Supreme Court Blocks ‘Wasteful’ Class Actions by Stockholders

The Supreme Court has made it more difficult for investors to join forces to file high-stakes fraud lawsuits against companies. The 8-0 decision handed down on March 21 blocks state class-action lawsuits by stockholders who contend they were tricked into …

Racicot Comments: Miss. Lawsuit Overshadows Katrina Recovery

The unprecedented devastation along the Mississippi Gulf Coast wrought by Hurricane Katrina has prompted an outpouring of public and private resources to communities and individuals who have lost everything, Governor Marc Racicot, American Insurance Association president said in an opinion-piece …

Hallmark Financial Services Promotes Morrison and Kasitz

Fort Worth, Texas-based Hallmark Financial Services Inc. reported it has promoted Mark J. Morrison to the position of president, effective April 1, 2006. Mark E. Schwarz, chairman and chief executive officer of Hallmark, previously held the additional title of president. …

Travelers: Six More States Eligible for Hybrid Auto Discount

Travelers personal lines, a member of St. Paul Travelers, has announced it now offers its 10 percent discount on auto insurance for hybrid drivers in Alabama, Mississippi, Nevada, Kansas, Tennessee and South Carolina. Travelers launched its discount for hybrid owners …

New Markets

Community Banks Nuts & Bolts: OneBeacon Insurance, working with select independent insurance agents, has developed a solution for the increasingly complex risks of community banks through a combination of coverages designed specifically for these financial institutions and broader property and …

Some 15 Percent of Montana vehicles don’t have insurance

As many as 15 percent of Montana vehicles lack required liability insurance, and current penalties against the owners don’t act as much of a deterrent, the state’s legislative auditors reported. Legislative auditors, in a 26-page investigation, said they estimate between …

Increasing Cost of Insuring Mont. Jockeys Threatens Racing

Costs for insuring jockeys at Montana race tracks are going up, and some communities say the expense threatens their ability to continue holding races. Miles City, Mont., which hosts three days of horse racing, two of them during the annual …